Market conditions
- Tech View: On the hourly chart, a rising trendline provides immediate support; However, if the Nifty slips below this trendline, a slide towards 25,900 may follow. On the other hand, resistance is placed at 26,150 and a move above this level could improve sentiment. Overall, bearish sideways sentiment may persist in the next few days.
- India VIX: The India VIX, a gauge of fear in the markets, settled down 3.4% at 11.23.
Ban stock today in F&O
Equity capital
Block period securities under the F&O segment include companies in which the security exceeds 95% of the market-wide position limit.
FII/DII action
Foreign portfolio investors on Tuesday invested Rs. 3,642 crore net sale of shares. Meanwhile DII Rs. 4,646 crore were net buyers.
Rs
A depreciation of the rupee against major world currencies is good for the economy as it encourages labour-intensive exports from India, increases foreign exchange earnings and generates more jobs, former NITI Aayog vice-chairman Rajeev Kumar said on Tuesday.
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